VIRGINIA BEACH, VA. —Steven D. Bell & Co. has acquired Haygood Shopping Center, a 178,526-square-foot property in Virginia Beach, from Haygood SC, a partnership of Klaff Realty and Acadia Realty Trust, for $25 million. The retail center is located at 1021 Independence Blvd. and is anchored by Farm Fresh, Rite Aid and Michaels. Michael Divaris, Alex Divaris and Jason Oliver of Virginia Beach, Va.-based Divaris Real Estate were the sole brokers in the transaction.
COCONUT CREEK, FLA. — Regency Centers is developing Caligo Crossing, a 113,510-square-foot, 11-acre shopping center in Coconut Creek, located at the intersection of Highway 441 and Hillsboro Road. The center will include a Kohl’s, slated to open in October, and 10,800 square feet of additional retail shop space.
MIAMI — Sky Development and SunVest Communities have partnered to form SkyVest Capital, a $300 million real estate fund that will capitalize on economic, financial and property market dislocation presented by the recent downturn in the U.S. real estate market. The joint venture will primarily target Florida, Nevada and Arizona, as well as North and South Carolina, California, Texas and New York. The fund will invest in distressed residential, commercial and retail projects, both directly and via the acquisition of debt.
JOHNS CREEK, GA. — Trammell Crow Co., in a joint venture with MetLife, is developing Woodlands Park, an 18-acre multi-phase medical campus in Johns Creek. Phase 1, Woodlands Park Medical Arts I, consists of a 100,000-square-foot, four-story medical office building, located at 6375 Hospital Parkway, which borders the Emory Johns Creek Hospital campus. Phase 2 will also be four stories and 100,000 square feet. The project architect is Wakefield Beasley, and the general contractor is Brasfield & Gorie. Construction began on Phase 1 in March and is expected to complete in January.
ST. CLOUD, FLA. — Osceola Development and Land Co. is building St. Cloud Medical Arts and Technology Park, a 100,000-square-foot, LEED-certified research and development center at Stevens Plantation Corporate Center in St. Cloud. The project will consist of a 10,000-square-foot imaging center, a 10,000-square-foot surgical center, a 30,000-square-foot incubator space to be occupied by the University of Central Florida Technology Incubation Program and 50,000 square feet of medical office space. BCArchitects is designing the project, and St. Cloud-based Snow Construction is the general contractor. Construction is expected to commence this summer.
COLUMBIA, S.C. — Miller-Valentine is developing Center Vista, a 90,000-square-foot, five-story office and retail condominium complex in Columbia, located at the site of the former Columbia Supply Co. building at the intersection of Gervais and Lincoln streets. The project is comprised of 70,000 square feet of Class A office space and 20,000 square feet of urban retail space. Construction is slated to begin third quarter and complete in first quarter 2010.
PASS CHRISTIAN, MISS. — Harbor Town Development Group is building Harbor Town at The Pass, a $26 million, 165,000-square-foot multifamily development in Pass Christian, located at 122 Market St. The project features 78 residential units and 21,000 square feet of commercial space. Rogers, Ark.-based Haynes LTD is designing the project, which will reflect Pass Christian’s ‘old town’ feel. Construction is slated for completion next June.
TAMPA AND OCALA, FLA. — Paul Stasaitis and Terri Echarte of Holliday Fenoglio Fowler’s Miami office have arranged a $61 million loan for two Class A multifamily properties in Tampa and Ocala, on behalf of Brookfield Real Estate Opportunity Group. Vista Grande at Tampa Palms is a 378-unit community in Tampa, located at 17220 Heart of Palms Dr. Deerwood Village is a 328-unit complex in Ocala, located at 1850 Southeast 18th Ave. Both communities feature clubhouses and swimming pools.
SPRING HILL, FLA. — St. Petersburg, Fla.-based Goodwill Industries Suncoast has developed a 25,872-square-foot Goodwill Superstore in Spring Hill, located at the intersection of Highway 19 and Berkeley Manor Boulevard, as part of its $21 million expansion plan. The project is the first of three new locations, and it began construction last May and will open this month. The remaining stores are expected to deliver in 2009. The Sembler Company, St. Petersburg will manage the development of the superstores. Tampa, Fla.-based Lyman Davidson Dooley designed the project, and Tarpon Springs, Fla.-based Hawkins Construction Co. is the general contractor.
CONCORD, N.C. — S D Hospitality has acquired an 82-unit Sleep Inn in Concord, from David Drye Company, for an undisclosed amount. Ed James and Matt Winston of Mumford Company’s Newport News, Va., office were the sole brokers in the transaction and exclusively represented the seller. The property will remain a Sleep Inn under the new ownership.
